Texas life insurance exam - Study guides, Class notes & Summaries

Texas General Lines - Life, accident and health insurance PRACTICE EXAM Questions and Answers with complete solutions LIFE SECTION 1 1) Sandra Timms, age 27, is advised by her producer to purchase Life insurance to cover a 20-year-amortized $50,000 business-improvement loan. Which of the following plans would adequately protect Ms. Timms at the minimum premium outlay? A- $50,000 Whole Life policy B- $50,000 Level Term policy for 20 years C- $50,000 20 Pay Life policy D- $50,000 Decreas...

Texas Life Insurance exam answered 100% #1. In a survivorship life policy, when does the insurer pay the death benefit? a) If the insured survives to age 100 b) Upon the last death c) Upon the first death d) Half at the first death, and half at the second death - answerb) Upon the last death #3. A father owns a life insurance policy on his 15-year-old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insura...

Texas Life And Health Insurance Exam Questions With Correct Answers | Latest 2023/2024 (Graded A+). Which of the following actions is NOT possible with a Universal Life policy? - Correct Answer-Premiums may be applied as a credit against income tax Which of the following will a Long Term Care plan typically provide benefits for? - Correct Answer-home health care Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that...

P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when - Answer P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? - Answer 20-Pay Life accumulates cash value faster than Straight Life How does ...

Texas Life Insurance Exam Questions and Answers Graded A+ P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20-Pay Life accumulates cash value f...

Texas Life and Health Insurance Exam Q&As (Verified Solutions) 2023 (227 Questions)

Xcel solutions final exam Insuring Which health policy clause specifies the amount of benefits to be paid - Answer ️️ - Insuring The investment gains from a universal life policy usually go to - Answer ️️ -The cash value L takes out a life insurance policy and dies 10 years later. During the claim process, the insurer finds out that the applicant misstated their age. What will the insurer do? - Answer ️️ -Adjust the death benefit to a reduced amount An employee is covered unde...

Texas Life Insurance Exam-130 Questions with Verified Answers.Texas Life Insurance Exam-130 Questions with Verified Answers.

Who is considered a field underwriter? - correct answer An agent When must insurable interest exist in life insurance? - correct answer Application or issue date If no receipt is issued at the time of application, a statement of good health is usually required at the time of? - correct answer Policy delivery The Medical Information Bureau is?(MIB) - correct answer a source of medical information to alert insurers to adverse medical history A substandard risk compared to a sta...

Texas Life Insurance Exam 2024 with 100% Correct Answers